CLARITY Act: Banking Trade Groups Push For Yield Agreement Revision – Details

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US banking trade groups have called for an amendment to the stablecoin yield compromise in the highly anticipated CLARITY Act. This statement comes ahead of an expected markup on the crypto legislation next week. After months of negotiations, legislators, crypto industry players,…

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Bankers Say CLARITY Act Stablecoin Provisions Nonetheless Flawed

Bankers Say CLARITY Act Stablecoin Provisions Nonetheless Flawed

America’s largest banking teams stated they continue to be dissatisfied with the CLARITY Act’s newly proposed language on stablecoin yield, arguing that it fails to guard financial institution deposits. In an announcement Monday, the bankers acknowledged that US Senators Thom Tillis and Angela Alsobrooks are “looking for to realize the proper coverage purpose” in prohibiting…

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